Before You Go to Court – Try Mediation
[By Will Rogers, 2016 | Keywords: Business, Mediation] If crop prices remain low and net farm income stays below the profit margin for significant period of time, you may have an ag customer default on a loan and file for bankruptcy. To date, we at the Association have already heard of three cases of farmers defaulting on payments involving equipment loans in the millions. While these amounts may not be typical of your customer base, you should prepare for the inventible in case commodity prices fail to rebound commodity prices. One of the toughest challenges you may face is resolving… Read More »